Globalisation and the flight of capital | Letters

David Chambers wonders whether pension funds that invest primarily outside the UK are part of the problem. Plus Chris Hughes says economic growth is needed only to service debtNikil Saval writes that “Globalisation could take place in services, capital and ideas … but what it meant most often was making it cheaper to trade across borders” (The great globalisation backlash, 15 July). We hear no more from him about cross-border movements of capital. When I studied economics in t